Friday, September 9, 2016

How the Census Bureau Measures Income and Poverty

"Income, poverty and health insurance statistics for 2015 from the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) will be released Tuesday, Sept. 13, 2016. One-year statistics from the 2015 American Community Survey (ACS) will be released on Thursday, Sept. 15, 2016.
In all likelihood, the national statistics from these two sources will not be identical. Why not, which is correct? Well, it is complicated.
There are several reasons why the statistics from the two surveys differ. One of the most notable ways is that the CPS asks respondents about income in the previous calendar year while the ACS asks respondents about income in a rolling 12-month period throughout the year..."

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